Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

TSX Hits Lowest Level Since March; Laurentian Has New CEO; Manufacturing Weakens

Published 2023-10-02, 02:46 p/m
Updated 2023-10-02, 02:46 p/m
© Reuters.

By Ketki Saxena

Investing.com -- On the first trading day of Q4, Canada’s main stock index, the S&P/TSX Composite index fell to its lowest level since March as the commodity-heavy Canadian index was pressured by sliding metal and crude prices.

Meanwhile, Wall Street traded on a mixed note as US Treasuries rose, while the NASDAQ managed to eke out a gain led by mega caps.

Toronto Stock Markets News

Laurentian Bank (TSX:LB) is moving forward on its promise to simplify its organizational structure after it failed to secure a buyer during a strategic review. Laurentian announced that Rania Llewellyn is out as CEO after nearly three years, with Eric Provost taking over.

Tilray (TSX:TLRY) has completed the acquisition of eight beer brands from Anheuser-Busch, a deal that it had previously announced. Financial details of the deal were not disclosed by the company.

For earnings, view our earnings calendar.

Canadian Stocks Moving Markets Today

Top Gainers:

  • Fairfax Financial (TSX:FFH)
  • Dye & Durham Ltd (TSX:DND)
  • Alimentation Couche Tard (TSX:ATD)

Top Losers:

  • NovaGold (TSX:NG)
  • Hudbay Minerals (TSX:HBM)
  • Innergex Renewables (TSX:INE)

For all Canadian Stocks Moving Markets today, view our Canada Markets Page.

In Canadian Economics

The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) fell to its lowest level in nearly three years, faling from a seasonally adjusted 47.5 last month from 48.0 in August.

For all Canadian economic releases, view our economic calendar.

All currencies CAD, unless stated otherwise.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.